The North America vascular stents market reached a value of US$ 3.0 Billion in 2018. Vascular stents are rigid devices used for providing support to hollow, usually tubular, structures held at a position to prevent arterial blockages. They are usually made up of non-absorbable materials, such as stainless steel or cobalt–chromium alloys, polyethylene and polypropylene. The stents help patients to restore blood flow through arteries during angioplasty. They also help in maintaining the patency of stenotic vessels and avoid re-blockage caused by blood accumulation or excessive tissue growth.
The North America vascular stents market is currently being driven by several factors. The increasing obesity levels, rising smoking and alcohol consumption, and hypertension often lead to various cardiovascular diseases, such as coronary heart and peripheral vascular disorders which require vascular stenting as a treatment. Moreover, there is an escalating demand for advanced devices to cater to the healthcare needs of the increasing geriatric population in the region, thereby driving the vascular stents market. Apart from this, various types of vascular stents, including coronary stents, peripheral vascular stents and EVAR stent grafts, are currently available in the healthcare sector to serve the rising demand. Additionally, rapid technological advancements coupled with the increasing healthcare expenditures in the region have spurred the demand for vascular stents. Furthermore, other benefits, such as short recovery time, low risk of infection, minimized bleeding and lower cost of vascular stents as compared to conventional surgical methods, are expected to fuel the market growth in the region. Looking forward, IMARC Group expects the market to reach a value of US$ 4.2 Billion by 2024, registering a CAGR of 5.5% during 2019-2024.
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